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February 23rd, 2010
05:45 PM ET

Is the recession over in your state?

FROM CNN's Jack Cafferty:

While there are signs that the national economy is slowly starting to recover - it's still a bleak situation in many of the 50 states.

A new report says because of declining revenues, state economies still have not seen the worst of the recession. The National Governors Association says the fiscal year 2011 - which starts this summer - will be "the most difficult to date"... and 2012 won't be much better.

Revenues have been down for five consecutive quarters due to shrinking tax collections - the longest period that states have taken in less money since at least the Great Depression.

The situation is most difficult in places like Oklahoma - where revenue dropped nearly 27 percent last quarter compared to the previous year... or Arizona, which saw a 17 percent drop. Seven states did report an increase in revenue, but it's believed that's more because of tax increases rather than a growing economy.

Meanwhile the drop in revenue comes despite hefty tax increases in many states. At the same time, costs are going up for programs like Medicaid. This means a lot of states will have to either raise taxes some more - or cut spending and jobs.

States face a combined budget gap of $134 billion over the next three years, and because states actually have to balance their budgets it's not going to be pretty. Plus the states are facing a combined $1 trillion shortfall for employees pensions and retirement benefits.

Some governors are banking on getting more money from the federal government - but that's money that hasn't even been approved yet.

Here’s my question to you: Is the recession over in your state?

Interested to know which ones made it on air?

Dave from Peterborough, New Hampshire writes:
Jack, What's that old saying: If you don't have anything good to say, don't say anything. This guy doesn't have much under his belt to brag about! He was all full of hope and change at the beginning, then he met the wall, you know Congress.

Simon in Florida writes:
It's all about the teleprompter. He's a great speaker. He's just not a very quick thinker when it comes to some of the tough questions reporters might ask. And defending some of the idiotic things he's done has got to be almost impossible.

Jeff writes:
Ducking the press? Give me a break. Six months ago CNN was having panel discussions about how overexposed Obama was, how could he handle his work load, etc. Which way do you in the press want it?

Vic in West Windsor, New Jersey writes:
The press is not interested in asking substantive questions. They are only trying to score some kind of "gotcha" moment. These just spin out-of-control in the media and it's difficult to maintain focus on important policy issues. Obama realized this after the Gates fiasco and has been wise to avoid the press ever since.

King writes:
Maybe I'm wrong, but can anyone tell me the last American president who has been this forthcoming with the American people and media?

Brad in Houston, Texas writes:
Obama is ducking the Washington press because, while adept at public speaking from prepared comments, he is weak at answering spontaneous questions in front of a live audience. He governs by committee and flounders when he is on his own attempting to address the press.

Ken writes:
Because the Washington press corps for the most part is composed of rude, egotistical jackals.


Filed under: Recession
soundoff (152 Responses)
  1. Cecile Kazemi

    In California... uh, not so much. On a serious note, we're owners of two small consulting businesses, both green and sustainable. As a consequence, while we've experienced a definite slowdown, we've managed to keep our head above the proverbial (clean) water throughout the economic downturn as there has remained an interest in green technologies in our field. That said, we are noticing a shift in project numbers and proposals – not huge, mind you, but significant – that seem to indicate a turnaround in the general business climate.

    February 23, 2010 at 2:42 pm |
  2. Joanne B

    Absolutely not ! We have middle class going to food shelves.
    Obama and Biden were the biggest mistake America has ever made, and the damage will be severe and long.
    Joanne B
    Mn

    February 23, 2010 at 2:46 pm |
  3. David Gerstenfeld

    In Las Vegas we've just started our recession now that our depression is over.
    David, Las Vegas

    February 23, 2010 at 2:50 pm |
  4. JIM FALLBROOK CA

    It is not over and won't be over until Obama is voted out of office in November 2012.

    February 23, 2010 at 2:53 pm |
  5. Bill

    Are you kidding????? The only ones that the recession is over for is the fat cats on wall street, and bankers. The recession never even hit Washington D.C.

    February 23, 2010 at 2:53 pm |
  6. Russ in PA

    Sure. Uh huh. Of course.

    But just wait until the next round of commercial and housing mortgage failures hit. And they're coming, you just know they are. So much for people putting their faith in the FED, and it's manipulation of money and credit.

    By the way, isn't it CNN that has an article today about the potential failure of more than 700 banks? Government intervention and Keynesism: you have to love it for the failure that it is...

    February 23, 2010 at 2:55 pm |
  7. Conor in Chicago

    The leading story last night on the local news was how Illinois was basically bankrupt. Also, I work at a job where the starting salary is around 40K and the people who are interviewing for these jobs are coming to the interviews in designer suits-indicative of their last job paying for more than 40K. This recession isn't going to end and I'm not so sure it is designed to.

    February 23, 2010 at 2:58 pm |
  8. frank

    No the governor thinks it is, but he's an idiot. And a Republican. Same thing. Since I'm out of work, its a depression.

    February 23, 2010 at 2:59 pm |
  9. Jane (Minnesota)

    Not in the land of Tim (NO!) Pawlenty (Minnesota). He just keeps the state books looking better for his own national political aspirations by delaying payments to school districts and lowering local government aid or ending medical assistance for some of Minnesota's poor through unallotments. The local governments and ultimately the taxpayers end up with Tim's mess through our property taxes. The recession won't be over until there is less unemployment in my book. More emplyment will mean more tax dollars comig into the state coffers.

    February 23, 2010 at 3:00 pm |
  10. Sandra in Temecula, CA

    Not by a long shot. California will probably be the last to recover and yet this state still insists on raising taxes and fees on those of us lucky enough to still have a job. We are feeling stalled at the bottom, with no recovery in sight.

    February 23, 2010 at 3:01 pm |
  11. David Bebeau,Springfield Missouri

    Heck no Jack and congress is doing everything they can to see it never ends.We are just spending money for nothing when we should have been doing jobs and housing over a year ago.
    David

    February 23, 2010 at 3:01 pm |
  12. JaxBud

    First, Jack, what we have here is no recession. What we have is a general and predictable decline in our system of borrow and spend.
    We are just beginning to reap what we have sown. There is no good end in sight.

    Bud T in Jax, FL

    February 23, 2010 at 3:03 pm |
  13. Ray in Nashville

    No, Jack. By the way, you don't happen to have any job openings over your way, do you?

    February 23, 2010 at 3:10 pm |
  14. Charles, Lansing, Michigan

    This is Michigan. As long as Americans are driving Toyotas' to WallMart, Michigan will have a drpression.

    February 23, 2010 at 3:11 pm |
  15. Carl

    Jack,
    Our government can lie all they wish to about the recession, the truth is, it's not over anywhere, the worst is still yet to come, unless of coarse, you work for the government.

    February 23, 2010 at 3:16 pm |
  16. Joe R - Houston

    Bhaahaahaa – Are you kidding?

    The REAL recession... the one with teeth that can't be pulled with smoke, mirrors and counterfeit monopoly money hasn't even begun. LOL

    February 23, 2010 at 3:17 pm |
  17. Rick McDaniel

    The depression (not a recession), will not be ending before 2014, and if Obama continues to be totally ineffective for another 3 yrs, it may be longer than that.

    February 23, 2010 at 3:22 pm |
  18. Ed

    No, because our governor refused stimulus monies for political purposes. It's not that we're backward in Texas, it's just that 30% of our residents believe man and dinosaurs lived on the earth at the same time. The believe the Flintsones was a documentary.

    Ed
    Texas

    February 23, 2010 at 3:22 pm |
  19. Michael Alexandria, VA

    In Virginia, mostly. I don't think a lot of the state was affected by the housing boom and subsequent bust. In Northern Virginia hiring is about to commence to spend all that federal cash – although there is some uncertainty still with the budget deficit (although defense contracting is going great guns). Lenders have about cleared out there foreclosure inventory (we hope), so when the next round of military rotations come through, prices should rebound – thus forestalling a new round of foreclosures and bankruptcies.

    February 23, 2010 at 3:35 pm |
  20. Pete - Georgia

    Over ??
    It's barely begun. With a lunatic federal government totally out of touch and out of control with spending, we have just seen the tip of the iceberg. Corporate confidence is at an all time low. From this condition paralysis of business has become the norm. We are entering the "Ice Age" of free enterprise.
    Sad and pathetic.

    February 23, 2010 at 3:36 pm |
  21. Michael G Tampa, FL

    No Jack, here in Florida it's getting worse every week.
    Thanks to NAFTA, uncontrolled building and construction growth, H1B Visas, 15-18 million illegal aliens, earmarks and bridges to nowhere and airports getting millions that serve a few hundred, 401K's destroyed so people can't retire and college and high school grads not getting those to-be-vacant jobs, hundreds of thousands of new city, county, state, and federal jobs burdening us further with more taxes, and a Congress that keeps overspending by trillions now.....
    And we have yet to see the commercial foreclosure wave hit......
    Florida is going to be in recession for a long, long, long time, along with most other states......
    So Jack, are you going to vote for Democratic and Republican incumbents like everyone else and perpetuate this nightmare ?

    February 23, 2010 at 3:38 pm |
  22. Dave, Brooklyn, NY

    As far as I know there are still plenty of people who want to work in full-time good paying jobs and can’t. But bailed out CEOs and health insurance executives are happy as clams. The housing values are only holding for the well off such as those in the Hamptons, the North Shore and high rise penthouses in the city. It just depends on how rich you are. As far as I’m concerned, there’s still a recession. I’m making do and getting by, but this ain’t the way it was supposed to be.

    February 23, 2010 at 3:38 pm |
  23. Adam Simi Valley, CA

    Yeah, sure, if you think ridiculous unemployment and the pending financial meltdown in California is the new norm. The administration's continued touting of "the worst is behind us" and they single-handedly pulled us back from the brink, is going to come back to bite them. It will be their version of "Mission Accomplished" or "Read my Lips". They may have arrested things near-term, but the bottom will fall out again because they have put no controls in place to prevent any of this from happening again. They have created no lasting jobs, and created an adverse entrepreneurial environment. They have set us back years and our children will be paying for it. Until we face our real problems and throw off the over-reaching shackles of this oppressive government we cannot foster an environment for success.

    February 23, 2010 at 3:42 pm |
  24. StevePittsburgh, PA

    No, My wife and I retired 2008 and 2009. I think our timing was perfect. Most of our bills are under control. Our grown children are feeling the pain.

    February 23, 2010 at 3:45 pm |
  25. Loren, Chicago

    You must be kidding. Is the recession over in any State? Not from what I'm seeing. This is the '70's revisited and no evil empire to offer us a way out. This one is going to hang around awhile.

    February 23, 2010 at 3:47 pm |
  26. Tina Texas

    According to governor Good hair Perry Texas was never in a recession. He has created jobs, got good housing markets, not taken any stimulius money. Then why are you shutting down pool, libraries, prisons if everything is so rosy for the state? All states are in a mess because Bush was allowed to spend like a drunken sailor during his 8 long years. God help the American people.

    February 23, 2010 at 3:48 pm |
  27. Lori - PA

    Jack,

    I still haven't been able to get a job after being laid-off over two years ago.

    February 23, 2010 at 4:01 pm |
  28. Sherri-Illinois

    Absolutely NOT! Unemployment rate in IL is 11.3%

    February 23, 2010 at 4:03 pm |
  29. Chaney. Louisiana

    Jack, No its not over,but our State is not too bad.....yet... and you sound like another group of people I know, immediate gratification.........

    February 23, 2010 at 4:06 pm |
  30. Ron Temecula

    Good Afternoon Jack:

    No, it is not over in California, I do not believe it is over anywhere else either. Possibly the Band Aid, the government put on the economy is holding. Things are quite fragile now. It could go either way.

    Ron Temecula, Ca

    February 23, 2010 at 4:08 pm |
  31. Terry, Chandler AZ

    Jack, you ask "is the recession over in my state"? No, l live in Arizona and the recession is over Arizona. Thats 'over' as in covered by a thick cloud cover.

    February 23, 2010 at 4:09 pm |
  32. Darren - Detriut

    The recession isn't over by far and it appears the only ones not really effected by it are our elected officials, whom we pay like royalty.

    February 23, 2010 at 4:12 pm |
  33. Kim in Dodge City

    Well, the rich got richer and the poor got poorer, so I guess you could say it is still going strong. That is the whole point of creating a recession, isn't it?

    February 23, 2010 at 4:15 pm |
  34. Thomas C. Taylor

    Temecula, CA - Recession is when you're neighbor's out of work. Depression is when you are. The recession is alive and well. No money being loaned to people who need it. Wall Street got TARP and we all got CRAP.

    February 23, 2010 at 4:16 pm |
  35. HUBERT BERTRAND

    It is bad and I think maybe it will stay that way. We need time limit and no no no more LOBBYING and no no 100% retirment

    February 23, 2010 at 4:16 pm |
  36. Rich McKinney, Texas

    If you listen to Governor Perry we never had a recession. Here is what he says in his political add seeking his next term and I quote, " Texas has billions of dollars in surplus assets. ( But our property taxes are now the highest they have ever been in history under him). Texas has created nearly 100,000 new jobs. ( But our unemployment rate has risen under him.) Perry refused federal dollars in stimulus that could have helped Texans. ( Yet people are losing their homes and lining up for food stamps by the thousands).So Jack, if you listen to our glorious Governor Perry then there is no recession and this is all a damn lie.

    February 23, 2010 at 4:22 pm |
  37. Steve - Chula Vista, CA

    No, but hopefully we have hit the bottom. California's recovery will be far behind the rest of the nation. I won't consider it recovered until I can hire back the employees I had to let go and I am making more than my remaining employees.

    February 23, 2010 at 4:23 pm |
  38. Ken in Pinon Hills California

    When the so called recession is over that means the depression has started. Why are we fooling ourselves this economic disaster is going away. The government has financed our economy since WW2 by the trillions and has gone broke doing so. Now pray tell my free market friends where will the money come from next to put us back to work?

    February 23, 2010 at 4:25 pm |
  39. JENNA

    Is the recession over in your state?

    I live in California..

    Nuf said...

    Jenna
    Roseville CA

    February 23, 2010 at 4:28 pm |
  40. Maria

    No. The food lines are longer, unemployment is longer, demand for for cheaper health care is much is higher.

    It's just a party!

    Maria
    Beunswick.MD

    February 23, 2010 at 4:29 pm |
  41. Larry from Georgetown, Tx

    Not hardly as we have seen more layoffs in Texas in the last few months and jobs are not available anymore unless you know someone. Hotels and other places are closing their doors. Gas prices are going up during the winter months and then there is health care costs that goes up, and up and up with no end in sight.

    February 23, 2010 at 4:30 pm |
  42. Sylvia from California

    Jack,

    In California, we are moving into a DEPRESSION... Too many people with great educations and skills are unemployed and can not find work. It sickens me when I think about how little the stimulus has done to stimulate the private sector. Most of the stimulus money went to states who used it to pay down deficits or to subsidize union and public sector jobs..

    Is anyone paying attention to what is happening to Greece right now where the country is going bankrupt because they too invested in Unions and Government entitlements??? Perhaps history needs to repeat itself here for people to wake up...... IT'S DISGRACEFULL!!!

    February 23, 2010 at 4:31 pm |
  43. Carl Ball

    Jack,

    Things look pretty good here in Florida – the roads are full of cars going somewhere and the stores are packed. What do you want???

    Carl from Pahrump

    February 23, 2010 at 4:35 pm |
  44. Jack in Boynton Beach Florida

    Not here in Florida. Nor is it over anywhere else. If all the senators and representatives of the party of no would take a long vacation from trying to undercut President Obama and begin to serve the people of their respective states the recession would be over a lot sooner.

    February 23, 2010 at 4:40 pm |
  45. Larry

    From Cheyenne, WY. I don't believe it's over. The lower tax receipts, high end homes not selling, and layoffs in city government indicate the recession has a ways to go. Our state is OK, not in debt, but budgets are tight. I believe we'll get through this, but boy would it be a good thing if americans could get along so we could work this out. Thanks

    February 23, 2010 at 4:44 pm |
  46. pat in michigan

    What recession Jack? I'm retired and waiting for the death panel to tell me it's time to take my shower.

    February 23, 2010 at 4:54 pm |
  47. Cathy Missouri

    Where I live the recession took a little longer to impact
    but within the last two years, good paying jobs have
    disappeared. Even retail and service jobs are few and
    far between. People filing for unemployment has gone
    up. Hopefully when everything hits rock bottom, we can
    finally climb our way out. If not, we may be headed for a
    much worse depression than in the 30's.

    February 23, 2010 at 4:56 pm |
  48. JaneE ( Cucamonga, California)

    Far from over, but I have seen new construction for both housing and business start over the last few months. One condo project sat half built for almost two years, but is being finished now. A medical office has had its "coming soon" sign out for almost 4 years, but is now actually being built. A new grocery store opened about a month ago. Truck traffic on the roads seems to be up a little too. It's too soon to tell if it will last or not.

    February 23, 2010 at 4:56 pm |
  49. Rola

    New Orleans, Louisiana

    To be honest,yeah I believe its over in my state. But thats because my politicians and public office holders are working for me not just for themselves.We are doing great business everybody is buying locally and plus we are getting a lot of tourist.

    February 23, 2010 at 4:57 pm |
  50. paul

    The recession is over in Iowa for someof us!!The banks are showing increased earnings and Iowa's members of congress have recieved raises. Jack don't you think things are looking up?

    February 23, 2010 at 4:57 pm |
  51. John, MI

    I'm from Michigan, Jack. Economic conditions have allowed us to
    incorporate a new city just outside of the Automobile capital of the
    world. Allow me to introduce SHANTYTOWN, Jack. You free to come
    and visit sometime.

    February 23, 2010 at 5:00 pm |
  52. Cori

    Jack, the recession isn't over. It will be a long time coming before we see an end to it.

    February 23, 2010 at 5:02 pm |
  53. charlie

    The recession is definately not over in Washinton state. They just announced that Boeing is in the business of laying people off. Coupled with the governor stealing the stimulus money sent by the feds by way of tax increases. This governor also changed the way property tax can be raised by changing the 2/3 vote to 1/2 vote just for a year so she can assure the passing of specific tax increases. Normally I wouldn't be concerned but people are hurting real bad in this state and to see her step around the voters like that. I tell you it's business as usual around here. Our govenor is not in a financial crisis but the people she governs are and she spit in our faces. She is also toying with the idea of putting tolls on many of our already paid for roads. Our governor is the worst leader I have ever seen. Thats why I moved out of state. When does the government at any level start to actually feel for the people and not themselves?

    February 23, 2010 at 5:04 pm |
  54. Adam Simi Valley, CA

    Next up for the Federal Govt bailouts will be the states. California will be first in line with all the liberal, progressive, legislature members in tow. Of course, no strings will be attached and no real reform be made to correct all the out of control spending, so we will just borrow it from our children's children. "The worst is over" claimed the proud President in the SOTUS. How stupid is he going to look then?

    February 23, 2010 at 5:04 pm |
  55. Joe CE

    Here in China, there is no recession – just US trade surpluses.

    February 23, 2010 at 5:06 pm |
  56. Gail, Plano,Texas

    TX has not suffered at all in this recession. Sometimes I find myself asking, what depression? Those who do not live beyond their means are doing quit well. Everyone continues to get their hair done and their lawns mowed. Actually, we are driving 2 new cars, thankfully, not toyotas for which we paid cash.

    February 23, 2010 at 5:08 pm |
  57. Cheryl, Cocoa, Fl

    No its not. Unemployment is over 12% (and the Space Center hasn't done their7000 lay-offs yet), foreclosure is still going on and retail sales are still struggling. But not to worry, our governor says we're putting the Stimulus money to good use here in Florida. Now I just have to find out where.

    February 23, 2010 at 5:09 pm |
  58. Jerry Jacksonville, Fl.

    Not with an unemployment rate greater than the national average. We depend on tourist and no one is going on vacation.

    February 23, 2010 at 5:10 pm |
  59. Ed Tallahassee

    Depends on how you define Recession.

    If you define it in terms of GDP or in the case SDP then we are recovering and we are on our way out.

    If you define it by RV sales then we are out of it.

    I tend to judge it by State Tax Revenues. When Florida isn't talking about Budget short falls instead they are talking about surpluses then I know we are officially out of the recession.

    February 23, 2010 at 5:14 pm |
  60. Greg, Ontario

    Americans that see the glass half full will say yes. The anti Obama crowd and the media chumps like Fox News will say no.

    February 23, 2010 at 5:18 pm |
  61. Melissa

    Louisiana is one of the poorest states in the country. This state is always suffering. But yes. For the most part we're back to where we were. As I recall a news story from one of the news agencies online recently released during Mardi Gras "New Orleans is back".

    February 23, 2010 at 5:19 pm |
  62. Lisa in GA

    Jack, Georgia has always been a poor state, I really couldn't tell we were in a reccession, this is the norm for us...only doctors and lawyers and Saxby Chambliss have money in this state. Tell ya something?

    February 23, 2010 at 5:19 pm |
  63. honestjohn in Vermont

    Jack here in Vermont the recession is not over with and it will take a very long time for an economic springtime to emerge at the dismal rate our economy is moving. And raising taxes sure will not fix anything right now which is bleak and cold time for many here.

    February 23, 2010 at 5:20 pm |
  64. Michael H. in Albuquerque, NM

    NO. Still losing jobs and revenue. Was this question the set up for a joke? Please proceed to the punchline.

    February 23, 2010 at 5:27 pm |
  65. Dan Rose

    The recession is still upon us here, Jack, in the state of Louisiana. However, the blazing occupation of the WHODAT Nation is an emotional bailout, and a stimulus offer that cannot be refused. A needed takeover; just short of militant! -Dan from New Orleans

    February 23, 2010 at 5:27 pm |
  66. Bizz, Quarryville, Pennsylvania

    The recession is definitely not over here in Pennsylvania. We are having trouble balancing local and state budgets. There are many people out of work and looking for jobs. Pennsylvania is like the other 49 states, waiting for Congress to stop fighting like children in a schoolyard, and get down to the work.

    February 23, 2010 at 5:28 pm |
  67. Rob in NC

    Not in NC. We were told our tax refund checks would be a while coming because the state doesn't have the money. I am a teacher and it sounds like we will be getting unpaid furlough days again this year, on top of the salary freeze we have had for 2 years now. Rob in Nc

    February 23, 2010 at 5:29 pm |
  68. M & M

    In sunny Arizona, the recession is not over. Unemployment is still hovering at over 9 percent in some areas and state government is closing down dozens of state parks to save money. Dozens of highway rest areas have already been closed. Things are so bad here that the governor wants to sell the Capitol building - and that's no joke.

    February 23, 2010 at 5:30 pm |
  69. Jerry Turner -- Pulaski, Tennessee

    Hey Jack,
    I've been waiting and expecting you news buffs to finally make the connection between the Tea Party people and the expiration of the Bush tax breaks for the rich. It is not difficult to see that they are going to be hit by these cuts expiring, after all look what they paid to go to the "Tea Party Convention" in Nashville. I am sure that these expiring tax cuts are not the only reason for the Tea Party, but I am just as certain that they play a great role in this movement.

    February 23, 2010 at 5:31 pm |
  70. Jim Z..Ft. Worth...Texas

    Jack, they say it is, but they are still few signs that the economy is improving. I still see the parking lots of Home Depot, Lowe's, Walmart, and Target rather sparse of cars. The scary part is Albertson's, Kroger's and Tom Thumb look the same way. Where's the BEEF!

    February 23, 2010 at 5:32 pm |
  71. JIM Roanoke,VA

    not in any significant way– state revenues are still declining, employers are not hiring,the state just announced another round of spending cuts along with layoffs. Local taxes are being raised to fund shortage of revenue to keep schools from cutting even more services.This is the change we voted for, America.!!!

    February 23, 2010 at 5:34 pm |
  72. john .... marlton, nj

    Yes, but I live in NewJersey, we are not a state we are a suburb of New York and Philadelphia... Our only problems in this business cycle are Camden, Trenton and Newark. The first and last are almost fully surrounded with barbedwire fencing and a recent coup by our hero Gov. Chris "slice the budget' Christy has Trenton under seige. Rumor has it past political insurgents are scambling for cover and will likely leave soon.

    February 23, 2010 at 5:37 pm |
  73. Eugene Northern Cal

    Jack, the recession isn't close to being over here in the progressive home of Pelosi, Feinstein and Boxer. Bankrupt California has double digit unemployment and our senate just passed a rediculous bill, to take over health care. We're in a tail spin here and government is in denial.

    February 23, 2010 at 5:40 pm |
  74. Nicholas Weber Green Bay, WI

    The recession is not over in Wisconsin. I will be graduating from the University of Wisconsin-Green Bay in May, but there isn't much to look forward to. I imagined a degree being the key to getting a job, but I've lost hope in that idea. Hey Obama, do you want to throw me some more money so I can just keep going to school until this whole thing blows over?

    February 23, 2010 at 5:43 pm |
  75. Alex in Gig Harbor

    The Great Recession is over since the economy is growing again, but the recovery is taking its time.

    February 23, 2010 at 5:45 pm |
  76. Joe M (Mn)

    Jack,

    I live in MInnesota Jack and I can tell you it has only just begun here in the land of ten thousand jobless claims a month.

    Joe Mussell

    February 23, 2010 at 5:47 pm |
  77. Minesh -Troy, MI

    Who are you kidding, Jack? Jenny presided over it and she has blown us away!

    February 23, 2010 at 5:48 pm |
  78. Allen in Hartwell GA

    Nope, we still have a Republican governor, two Republican senators, and a majority of Republican representatives.
    Wait, that's why I'm depressed – you asked about depression.
    Never mind!

    February 23, 2010 at 5:55 pm |
  79. Carl

    Carl February 23rd, 2010 3:16 pm ET
    Your comment is awaiting moderation.
    Jack,
    Our government can lie all they wish to about the recession, the truth is, it's not over anywhere, the worst is still yet to come, unless of coarse, you work for the government

    February 23, 2010 at 5:57 pm |
  80. Robert Johnson, Northern MN

    Not even close. Unlike the President and Congress, states cannot spend money they do not have, so they have to deal with it just like the real people out here in the real world. Cut back, hunker down and work through it.

    February 23, 2010 at 6:00 pm |
  81. Kyle Irvine, CA

    No Jack it isn't,
    And I think it's going to be a tough year for us too. A lot of companies are moving out of state or to mexico, and more and more people are unemployed due to budget cuts. And to top it off, its an election year which means our elected officials will be out on the campaign trail, and not in Sacramento.

    February 23, 2010 at 6:05 pm |
  82. SCOTT ROSE --- PANAMA CITY, FL

    Jack, I live in Panama City,florida and no the recesson is not over in my state and won't be until every last far left radical progressive socialist is out of office on his or her ear.

    February 23, 2010 at 6:06 pm |
  83. Diane Dagenais Turbide

    Jack,

    it is not over in any part of the world!

    February 23, 2010 at 6:08 pm |
  84. Ann from Newton, NJ

    What recession? Doesn't everyone believe what we are being told by the powers that be that employment is on the rise?

    February 23, 2010 at 6:10 pm |
  85. Linda in Arizona

    Arizona? Hardly.

    February 23, 2010 at 6:11 pm |
  86. southerncousin

    It is getting worse, much worse. Watch state legislators try to cope this year and remember Obama said no tax increases for the middle class. Why could people not see through this transparent fraud. He is a liberal, masquerading as a democrat. The liberals hijacked the democratic party long ago.

    February 23, 2010 at 6:11 pm |
  87. jimmy in greenville, north carolina

    Hell, it's just heating up. Everyone around here is so depressed we probably won't know when it ends unless that Gibbs fellow tells us. Is he the President now?

    February 23, 2010 at 6:14 pm |
  88. Meg from Troy, Ohio

    Jack–
    Ohio is in bad shape economically. I don't see any end here. Some houses in my neighborhood have been for sale for years–up to 3 in some cases. We're in for a long haul in the Buckeye state.

    February 23, 2010 at 6:16 pm |
  89. Lance, Ridgecrest, Ca

    Jack, you got to be kidding!! I live in California. The state is bankrupt, L.A. and most of the other large cities are bankrupt, unemployment is headed for 15% because the state/cities are now cutting thousands of government jobs adding to the ones we've already lost. Over? Not hardly! L.A. already had the city bond rating cut, and when they cut the state's bond rating the whole thing is going to come down like a landslide. Think the feds will bail out California, or aren't we TOO BIG TO FAIL???

    February 23, 2010 at 6:17 pm |
  90. Scott Stodden

    Jack I live in Illinois and I don't know about other states but we are hit hard in Illinois with high unemployment, a record deficit, and wasteful spending. I just feel things are getting worse and worse and if we don't get experienced people in Washington including a experienced President its only going to get worse.

    Scott Stodden (Freeport,Illinois)

    February 23, 2010 at 6:18 pm |
  91. Bev

    It is getting better, companies are starting to call back laid off workers now.
    This should be a good lesson for Oklahoma and Arizona, Republican states. The Republicans got us in this mess and they should have to face the music. Maybe you should switch parties in November.
    Anytime you give such big tax breaks to the rich, then this is what you get. We ordinary workers cannot carry the whole load. Wise up.

    February 23, 2010 at 6:18 pm |
  92. J.L from Delaware

    Hardly.......it's still depressing here in Delaware.

    February 23, 2010 at 6:19 pm |
  93. Ruth from Easton PA

    I don't think the recession is over in my state. Until I find a job, the recession is not over in my HOUSE. It took a decade to get into this mess, I don't see how it will be resolved in a year or two – or three, or five. Meanwhile, my belt is pulled so tight I can't breathe, and the bare necessities are becoming luxuries.

    February 23, 2010 at 6:19 pm |
  94. Gigi Oregon

    The recession is only over for those large corporate companies that got bailed out with your/my tax money. I see we gave them enough to pay large bonuses to themselves. Mean while back at the ranch we still haven't got back to work full time yet.

    February 23, 2010 at 6:21 pm |
  95. Layne Alleman

    Jack, My state, Illinois, is seriously riding the coattails of California as far as being in the red. All the politicians up for office are all claiming to have the answers to turn us around, but guess what?, they're the same group that got us into this mess(surprise, surprise as good'ol uncle Gomer would say). National, or local, it's the same group of idiots. I'll know the recession/depression is over when I see those bright-pink eagles flying over my head. Layne A. Antioch, Il.

    February 23, 2010 at 6:25 pm |
  96. BEVERLY-Mystic,Iowa

    YES!!! NO doubt about it! All Bush/Cheney/Republican mistakes have already been reversed. Thank God for REAL Democrats! DEMOCRACY RULES!

    February 23, 2010 at 6:30 pm |
  97. Moe Dallas TX

    We seceded, its now the Territory of Texico ..

    February 23, 2010 at 6:35 pm |
  98. Michael from Ft. Hood, Texas

    I live in Texas and we have a governor (Rick Perry) who believes his looks outweigh his actions when it comes to running things. He came to power when Bush became President, and he has run the state into obscene deficits like Bush, that will hit us the hardest once he has left. He won last time with a 39% approval rating. Now that is democracy at work!!

    February 23, 2010 at 6:38 pm |
  99. Robert H. Pike

    In Florida; Yes, and no. As a teacher at the top of my pay scale, my salary's stayed the same for over a decade; so with each year's inflation the value of my income declines, and I've been tightening my belt. Tourism is up, but I believe it's rising from foreign $$, not domestic. The vegetable and fruit market's thriving, but has to deal with increasing competition from foreign markets.

    Robert H. Pike
    Homestead, Florida (between Miami and Key Largo)

    February 23, 2010 at 6:39 pm |
  100. Chris - Sarasota, Florida

    Jack,

    I live in Florida, there is no way any sunshine is getting here.

    February 23, 2010 at 6:41 pm |
  101. Daniel (Central Pennsylvania)

    Then:
    "This nation, under God, shall have a new birth of freedom - and that government of the people, by the people, for the people, shall not perish from the earth." – Abraham Lincoln, Gettysburg Address, November 19, 1863

    Now:
    "This nation, under no God so as not to offend anyone, shall see less freedom - and that government of the corporations, by the corporations, for the corporations, shall not perish from the earth." – A Middle-Class American, February 23, 2010

    February 23, 2010 at 6:48 pm |
  102. Paulette in Dallas,PA

    Very much so. Pennsylvania is running a large dedicit and is facing problems with state employee and teachers pensions and retirement benefits. Present employees are going to have to pay more for health care,more into pension funds and more into social security. My county recently reassessed home values. The home values went up and taxes increased. The problem is: You can't sell your home for this new value. You'd be lucky to get the old assessment value out of a sale but yet you have to pay the higher taxes. People can't get loans to buy homes let alone pay taxes that do not directly correlate to the real value of the property. PA's unemployment rate is always high but it is higher yet and food stamps and medicaid has increased. A state legislator was on TV on Sunday saying that 2012 will be a very difficult year. What do they think is happening now? A picnic?

    February 23, 2010 at 6:51 pm |
  103. Lynda from Greenville, NC

    No certainly not, but I think that what people aren't realizing is that with tax season upon us a lot of lower and middle class people will be getting larger than normal refunds due to all of the extra tax credits put in place last year – and most – like good little Americans – will turn around and buy a big screen TV and help stimulate the economy all on their own. Give it time.

    February 23, 2010 at 6:51 pm |
  104. Charlie in Belen, New Mexico

    My property tax is up, the wombats in Santa Fe are raising taxes, one neighbor closed his business last month, others are looking at foreclosure, still others are unemployed or underemployed, kids who graduated last summer still can't find a job.... What do you think Jack ? Do YOU think that the recession is over ??????

    February 23, 2010 at 7:02 pm |
  105. Ross- Las Vegas

    Absolutely not. Nevada is facing a nearly $850 billion deficit. Unemployment is well over 10 percent. We still lead the nation in foreclosures. The recession is over when visitors start coming back here and the hotels aren't offering bargain basement prices just to fill the rooms. Could be some time Jack.

    February 23, 2010 at 7:03 pm |
  106. John

    You must be kidding? Gov. Patterson in NY raised our school taxes 14% last year and were looking at 40% this year...yes 40% and cutting a whole bunch of programs on top of it. My wife and I haven't had raises in our corporate jobs in 3 years. In fact we've each had 5-10% pay cuts in the form of unpaid days and any other creative potions they can think up while the Execs at each of our companies raked in huge bonuses. When is the White House going to wake up and realize Americans are crumbling under our debt loads and that we need relief. Why don't they put together a low interest loan program to help bail us out. The credit companies that lured all of us in sure aren't going to help.....they don't even want to know us now!

    February 23, 2010 at 7:04 pm |
  107. Brian - Lakewood, Ohio

    In Ohio we had a recession before it was fashionable. Cleveland was just named the most miserable city. We're in it for the long haul.

    February 23, 2010 at 7:05 pm |
  108. John from NJ

    Are you kidding NJ has over 15% unemployed when everyone is counted. What with the megers, acquistions outright failures, downsizing outsourcing and offshoring it is a wonder that anyone is working.

    The republicans and democrats need to work closely to fix this. There are no jobs. The government needs to extend unemployment insurance benefits asap or millions across the country will suffer. Without their spending the rest of the economy will be brought down increasing unemployment and pushing back the recovery.

    February 23, 2010 at 7:12 pm |
  109. Steve from Antioch IL

    Recession? What recession? We're so busy with the corruption here in Illinois, who can think about a pesky recession caused by Bush and Cheney and the free-spending republicants.

    Recessions are for sissies!

    February 23, 2010 at 7:13 pm |
  110. GCG

    No it's not, i'm in the medical field and I don't have a job, 16k in student loans and that was TWO years ago. Also, my baby boy is due any day!!! Im working for 8 dollars an HOUR cleaning houses. How can I pay my S.loan back at that rate and care for my baby boy.

    February 23, 2010 at 7:14 pm |
  111. David S from Los Angeles CA

    Is the recession over in my state? Oh no, it's just getting started. California still faces another year of multi-billion dollar budget shortfalls, this time without the one-time stop loss measures they used to get through the previous fiscal year. If Moody's regulators were doing their job, California issued debt would be rated as junk by now.

    And what pray tell is consuming all our state's funding? None other than health-care and our overstretched education system. I don't know where they will be getting the money to cover it in this economy either. Taxes here are almost as high as they are in Canada, only minus the universal health-care. Bad times are ahead for my humble state Jack, bad times indeed.

    February 23, 2010 at 7:16 pm |
  112. Susan Frost

    My home county is not hit as hard as some, primarily because we're a college community; surrounding counties in the Black Belt were poor to begin , and our dumbass Republican governor , Bob Riley, is trying to shut down the only source of income they have – electronic bingo. But what's a few thousand families going hungry if you can make the Bible-thumpers happy?

    Susan
    Tuscaloosa AL

    February 23, 2010 at 7:17 pm |
  113. Homeless D in Atlanta

    Are you kidding? Is this a trick question?

    The 'recession' (depression) is not over ANYWHERE!

    The recession will be over for me when (1) my husband gets a job and ends his (so far) 19 months of unemployment and (2) when we can afford once again to live in our own home instead of being forced to bunk with relatives!

    February 23, 2010 at 7:18 pm |
  114. Mark Aoki

    Here in the Aloha State, where everything hits at least a year later than the mainland, the recession has only begun to start.

    Honolulu, HI

    February 23, 2010 at 7:18 pm |
  115. Homeless D in Atlanta

    BTW, here's something CNN might want to look into.

    How about some stories about how those of us who have just about run out of assets, and who have had to move in with relatives, are able to hold on. And, what is the impact when someone has to move to another state in search of work, but cannot afford to rent or buy, cannot change their motor vehicle info because they are NOT in a permanent place, just a temporary home, and might not be able to vote due to temporary status.

    I have a feeling there are a LOT of us out there. We are flying under the radar, and I think it is a bigger problem than just my family.

    February 23, 2010 at 7:22 pm |
  116. David in San Diego

    Yes, we are doing great. Thanks for asking.

    February 23, 2010 at 7:22 pm |
  117. Joe in Kent Island, MD

    After two years, I've finally landed a job. No, its not over why would it be? The stock market has gone up, but that only reflects buyer confidence not corporate confidence in the economy.

    February 23, 2010 at 7:22 pm |
  118. Gary - Woodhaven, Michigan

    I'm from Michigan Jack, we turned the corner on recession some time ago, now we can hardly wait for the depression to be done.

    February 23, 2010 at 7:23 pm |
  119. Andrew Quick

    The Illinois school system is going into a deep recession. School districts are letting go hundreds of teachers. Class sizes are being pushed up to compensate.
    It will take years to recover from this backwards step. We are letting down our children and the future of the country.
    Saint Charles, IL
    AQ

    February 23, 2010 at 7:26 pm |
  120. Anna in Itasca, Ill

    Recession is over for Wall Street Bankers and Ceo's of the big companies that send jobs offshore and charge more for their products then post huge profits. For us end is not in site.

    February 23, 2010 at 7:29 pm |
  121. Wayne in PA

    Was never to bad in our small city main industry makes toilet paper. Like food its something people always buy. I work for a building contractor, most of his work comes from people who work at this company. (Jobs do create other jobs) My boss said his best years were when Clinton was President. He got the Bush tax cuts but his net was less. It makes me think the Bush tax cuts helped put America wear we are now.

    February 23, 2010 at 7:31 pm |
  122. Greg Turman

    A very large delegation from the Iraqi oil ministry visited the oil capital of the world this week (Houston,Texas). Our new friends are going to spend billions of dollars in Texas to help them re-build their oil fields.
    This will create a lot of new jobs for Texas, tax payers for the U.S. government and it will not cost the U.S. tax payer one red cent.
    It is called free enterprise.

    Ironically, when oil went over a $100/barrel it was Dubya's fault. Now Obama is trying to get it back over a $100/barrel with cap & trade, which will cripple U.S. producers while putting more money & jobs into countries like Iran, Venezuala or Yemen. Circa Jimmy Carter 1973 windfall profit taxes. Been there, done that.

    The recession is not over in Texas. However, the future does look bright for oil, if cap & trade fails.

    Greg Turman
    Dallas

    February 23, 2010 at 7:33 pm |
  123. Ralph Spyer chicago Il

    What state are you living in ? Jack the state of denial The recession is far from over and what happens when we have to start paying for the trillions the Government has spent? Ask the same question in Ten years this is the second great depression,

    February 23, 2010 at 7:36 pm |
  124. Curtis

    I couldn't be happier to be a Kansas transplant from California for the last 8 years. Sure, I missed the housing bubble, but I missed the crash too – so it's all good. I sure don't envy what most Californians are going through.

    The recession is not over in Wichita, the Air Capital of the World, where aircraft manufacturing companies like Boeing and Cessna employ thousands, but it does seem to be improving. Our housing prices don't skyrocket, but they don't plummet either. We'll be all right.

    February 23, 2010 at 7:43 pm |
  125. Carlton Frederick

    We are Democrats-–but are really sick of the Pelosa- Reid- Obama situations!!!! Will change our Party of course-but something must be done-wish they would resign! My business is almost gone, because of them-their policies with OUR money!!!!!!!!!!!!!!!!!!!!!!!!! What can we do???? Help!!!!!!!!!!!!!!!!!!!!!!!!!!! Carlton

    February 23, 2010 at 7:46 pm |
  126. Gary H. Boyd

    Is the recession over - you gotta be kiddin'. I live in Scottsdale, Arizona - a posh desert paradise for well healed visitors but times are tough Jack, enough so that we actually have rooms available. During the recent snow conditions in the east, we suffered equally as the temperature dropped into the 70s. Is the recession over? - You gotta be kiddin'.

    Gary H. Boyd in Scottsdale, Arizona

    February 23, 2010 at 7:51 pm |
  127. Charles in NJ

    No it is worse than it ever was.

    February 23, 2010 at 7:58 pm |
  128. Tom in Abilene Tx.

    Not by a long shot. However, not to worry. Gov. Rick Perry plans to secede from the Union, so y'all won't have Texas to kick around anymore.

    February 23, 2010 at 8:00 pm |
  129. Randy B

    Jack, The recession will be over when the Media decides it's over. The basic problem is consumer confidence and the willingness to invest. That's not going to happen when the media continues to hold the statical tables in a way that shows bleakness. Recessions make good news; why would you want to fix it.

    Randy B, Odenton, MD

    February 23, 2010 at 8:02 pm |
  130. Brian

    Jack- Seriously....you gotta ask?

    You must be slipping or sipping babe!!!

    February 23, 2010 at 8:02 pm |
  131. TonyInLargo

    It may not be obvious now, but I suppose that statistics will show a few months from now, what I, as a government inspector, am seeing in the field, namely, that businesses are starting to re-hire.

    Everywhere I have been for the past 90 days, the owners are saying that business is picking-up again steadily.

    That's my report, without prejudice from Florida.

    February 23, 2010 at 8:11 pm |
  132. Bill Walsh

    Jack,

    The recession is only over for those who live in the state of denial.

    Thanks,

    Bill

    February 23, 2010 at 8:17 pm |
  133. Ken in NC

    The recession is over but I am still out of work so the depression is still going full blast.

    February 23, 2010 at 8:18 pm |
  134. Terry from Austin

    No way. The only place the recession is over is in Obama's head.
    Terry from Austin.

    February 23, 2010 at 8:19 pm |
  135. Brian

    Recession over? I live in southern california, and at least six months before the recession was discussed it was felt in southern california. I personally consider the unemployment rate a better indicator if california will be out of the recession than the GDP.

    February 23, 2010 at 8:19 pm |
  136. Joel - Monroe, MI

    Recession over? Not in Michigan it isn't. Unemployment is still at 14.6%, businesses are not hiring...and life has come to a stand still here. Most of the people I know have left the state because there are no opportunities here. Too bad our fine US Senators and House members haven't done so as well.

    February 23, 2010 at 8:20 pm |
  137. B Conard

    NO, its not over!, The recession is like a run away truck on a mountain and the federal govt is driving and telling us its all under control, you know its not, but were only passengers, listing to there spin on the real truth.

    February 23, 2010 at 8:21 pm |
  138. Kam Saran

    Residing in California you can see the hurt. The recession is no where near over. The harm will be around a few more years. More people are losing their jobs and cost of living is increasing. Californians are just seeing the beginning of a economical downturn, a lot more is to come.

    February 23, 2010 at 8:21 pm |
  139. Don Day

    Jack,
    You asking this question is like asking whether we think there is bipartisanship in our government. You know the answer to that question; the same holds true for whether the recession is over in my state.

    February 23, 2010 at 8:21 pm |
  140. J.J.

    Is the recession over in my state, California, I can say without a shadow of a doubt, NO. Just look at the number of people still out of work (me) and all of the cuts the state will make just to try to get a balance budget.

    February 23, 2010 at 8:23 pm |
  141. Edgar Oppenheimer

    Hello Jack,
    From here in Illinois are you kidding the only thing left to do is to decide who will be left to shut off the lights if they haven,t already been shut off by the electric company for non- payment.

    February 23, 2010 at 8:24 pm |
  142. Karl from SF, CA

    We aren’t back to where we were when Bill Clinton left office and George Bush began the decay of the economy, but contrary to the lies of the Party of NO, we are way ahead of where we would be if John McCain had won. California has a long way to go, but Californians need to wake up that our tax system is not keeping up with basic needs and we need to revamp it before it is too late.

    February 23, 2010 at 8:25 pm |
  143. Claudia, Houston, Tx

    The recession isn't over in many states and won't be over because they still have do nothing Governors who are playing nurse maid to a failed state waiting on bailouts from Government so they can continue to nurse the same failed policies.

    February 23, 2010 at 8:26 pm |
  144. John, Fort Collins, CO

    Is the recession over in Colorado? Do bears only use Port-A-Pots? Is the Pope now a Presbyterian?

    February 23, 2010 at 8:30 pm |
  145. Mike in St. Paul

    It is not over in my depressed state, but I heard things are looking pretty good in drunken state.

    February 23, 2010 at 8:31 pm |
  146. Nancy, Tennessee

    The recession marches on here in Tennessee. People unemployed and under-employed. Prices are high in the grocery store and my husband didn't get a cost of living increase on his Social Security – you know we haven't had any inflation. That is no inflation somewhere. Must have been on Mars or the International space station. Looks like a long year ahead of us – you know one of our golden years.

    February 23, 2010 at 8:33 pm |
  147. Diana

    Things are definitely batter than a year ago. I don't think its over yet but close to be over.
    Thats from Texas.

    February 23, 2010 at 8:33 pm |
  148. Mike from Tampa,FL

    The recession seems to follow me. I moved to FL from OH in 2004, where the recession had already begun. I got here just in time for the housing bubble to peak. Then the entire country went down, and FL is now one of the hardest hit. I still have a job, but I live in a house that I paid too much for, and can't give away. Taxes, gas, utilities, etc are on the rise, and our governor is taking credit for things that only helped sell the rest of the state to developers. How could things be any better???

    February 23, 2010 at 8:35 pm |
  149. Dave in Reno,NV

    Jack, our state doesn't have a pot or a boot. We are cutting government jobs, school jobs and so on. Stimulus? Recession over? We don't even have money to cover the unemployement checks! It's not pretty here.

    February 23, 2010 at 8:36 pm |
  150. Sharyn

    Last Wednesday afternoon in Orange Park, Florida ,at approximately 1:30 p.m. cars were bumper to bumper. The mall was filled with cars. Longhorns restaurant and Olive Garden were packed. People are out and about. Longhorns and Olive Garden are not fast food restaurants. Prices are going up in the stores. It looks like there is not a recession here in Orange Park ,Florida.

    February 23, 2010 at 8:39 pm |
  151. Sam, Jersy City

    Put it this way, Jack. A little gravy over Holiday fruitcake doesn't taste bad at all.

    Sammy

    February 23, 2010 at 8:42 pm |
  152. A. Smith, Oregon

    JACK, you are kidding with this question aren't you? A full dozen States are facing Bankruptcy and dozens more are severely lacking the tax revenues to pay their pensions and basic services. The stimulus program prevented America from going into a zero growth over the next few years, Europe who applied only a mild stimulus program is now enduring under a .04% growth with no sizable increase likely for many years!

    America has always found plenty of money for the Military. Americans should not be fooled by the Republican tea-baggers into doing away with Social Security and Medicare-Medicaid under their guise of no money.

    Close 100 of the nearly 300 overseas US Military Bases, return the troops from Iraq and Afghanistan. Put a HOLD on the US Military doing a gigantic buying spree with taxpayer dollars to replace all the equipment they purposefully left behind in Iraq and Afghanistan AND America would have PLENTY of taxpayer dollars to rescue the economy and the many States struggling with bankruptcy!

    February 23, 2010 at 8:46 pm |